3 Options You Should Know About Before Foreclosure

Can I sell my house while I’m still in foreclosure? If you’re in Milwaukee, the answer is yes. Wisconsin foreclosure procedure laws allow you to sell the place while the process is on. If you’re facing foreclosure, here are three options you should know:

Work with the bank:

Banks stand to gain the most by avoiding foreclosure; although that’s not the impression they generally give out. If you are likely to miss a payment, call the bank and let them know in advance. If this is likely to be a recurring thing, seek advice for options. They can offer loan modification, short sale, etc. Whatever you do, start early because the further you’re behind on your payments, lesser are the options available. Besides, banks are willing to work with borrowers who’re willing to work out a solution.

Work with a real estate agent:

Some real estate agents specialize in dealing with foreclosures. They understand the urgency of the situation and can help you sell your house fast. But you will still have to pay to get the house sale-ready. This includes repainting, cleaning, and a little renovating. You will also have to pay realtor commission. Some real estate agents are open to negotiating commissions, but even the few thousand dollars you save can be used to rebuild your finances.

Work with us:

We buy houses in Milwaukee for cash. We can offer you a fair price and ensure that you still have some money left after paying off the debt. We’ll pay for the closing costs and buy the property as it is. You don’t have to spend on repairs or worry about junk hauling. We’ll also close in 2 weeks or less.